Struggling iPhone display-maker secures massive bailout

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iPhone XR screen bezels
Japan Display makes the LCD screens for the iPhone XR.
Photo: Kristal Chan/Cult of Mac

Struggling Apple display-maker Japan Display has successfully secured bailout funding of 80 billion yen ($738 million).

The funding comes from Chinese investment firm Harvest Group and Hong Kong-based Oasis Management. It was previously reported that Apple would be part of this bailout package — to the tune of $100 million.

Apple could lend a major assist to struggling display maker

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iPhone XR
Japan Display currently makes LCD screens for the iPhone XR.
Photo: Apple

Apple could give struggling supplier Japan Display a boost by investing $100 million in the company. This will offer a valuable lifeline as Japan Display goes through restructuring after a key investment fell through.

Apple currently represents 60% of Japan Display’s sales. Thanks to the deal, it could soon make up even more.

Apple may throw a lifeline to struggling iPhone display-maker

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iPhone sales
Japan Display currently makes iPhone XR displays for Apple.
Photo: Apple

Apple may help out struggling display-maker Japan Display, a new report claims.

Japan Display, which makes screens for the iPhone XR and an upcoming Apple Watch model, suffered a devastating blow this week. After appearing to have sorted out a bailout from a Chinese consortium, several members dropped out.

Struggling Apple display maker loses key investors

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iPhone XR test
Japan Display makes LCD displays for the iPhone XR.
Photo: Apple

Struggling Apple display maker Japan Display has received some bad news. TPK Holdings, a panel maker that also works with Apple, revealed that it won’t invest a proposed $230 million after all.

Japan Display has been on the search for companies willing to throw it a lifeline. TPK was part of a hoped-for $723 million bailout.

Apple display maker secures big bailout after renegotiating debts

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iPhone XR
Japan Display still makes LCD screens for the iPhone.
Photo: Apple

Apple supplier Japan Display is on the verge of finalizing a $729 million bailout after renegotiating its debts.

Apple has agreed to wait for money owed after it fronted the cost of a new Japan Display plant four years ago. Another client has agreed to halve the “pace of repayment,” according to reports.

Apple display maker could be forced to slash its workforce

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The new iPhones go on sale tomorrow. Are you ready?
Japan Display makes LCD displays for the iPhone XR.
Photo: Apple

Apple display maker Japan Display is having a rough time right now. On Wednesday, it posted its ninth consecutive quarterly net loss, partly impacted by disappointing Apple orders.

The company made a loss of 98.6 billion yen ($899.22) million for the quarter. As a result, Japan Display is planning to cut around 1,000 jobs — a full tenth of its workforce.

Apple display-maker gets lifesaving cash influx

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iPhone XR portrait mode
Japan Display is the main supplier for iPhone XR screens.
Photo: Apple

Apple display maker Japan Display revealed today that it has signed a 232 billion yen ($2.1 billion) deal that will bail-out the struggling company.

The deal gives a Chinese-Taiwanese conglomerate a 49.8% stake in the company, making it the biggest shareholder.

Apple secures new supplier for Apple Watch Series 5 screens

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Photo: Ste Smith/Cult of Mac

Japan Display will supply OLED screens for the upcoming Apple Watch Series 5, according to a new report.

This will be the Japan Display’s first foray into OLED screens. The deal is said to be a “breakthrough” for the company, which has been suffering as a result of Apple’s move from LCD to OLED displays for the iPhone.

Struggling iPhone display-maker may be thrown a lifeline

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iPhone XR test
Japan Display manufactures the iPhone XR's LCD screen.
Photo: Apple

iPhone display-maker Japan Display says it is in line for a financial injection that could bail out the struggling company.

The firm said Monday that it will raise up to 110 billion yen ($990 million) in new financing as early as this week. Japan Display has been suffering as a result of the slowdown in iPhone sales and Apple’s shift to OLED screens.

Japan Display still owes Apple for $1.5 billion factory

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iPhone XR portrait mode
The LCD iPhone hasn't been the hit some hoped for.
Photo: Apple

Struggling display maker Japan Display reportedly still owes Apple a whole lot of cash for one of its factories.

Apple paid a large chunk of the $1.5 billion in costs to build an LCD factory in 2015. In return, Japan Display would pay Apple a percentage of screen sales. Unfortunately, things have gone south since then — and Japan Display’s factory is running at only half capacity. Due to the way the deal is structured, the company reportedly owes Apple “a majority of the construction cost.”